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Lock's Cable Corner

  • #8,121
  • Dec 22, 2020 4:39am Dec 22, 2020 4:39am
Quoting Lock
{quote} 3397 is now crucial: triple gap filled. Monitor for acceptation or rejection below 3397. If rejection back upside 3473 and or 3489. If acceptation down to yes GB high 3299
Sorry i think you might have answered this before but how do you tell if it is accepted or rejected below 3397? Currently is it considered accepted below?
  • #8,122
  • Dec 22, 2020 4:44am Dec 22, 2020 4:44am
And consider also that this is a shake out for sure.
Ubi maior minor cessat
  • #8,123
  • Dec 22, 2020 4:46am Dec 22, 2020 4:46am
Missed out previously that you have mentioned that it is a complex structure and hard to explain whether it is accepted or not. Any recommendation of sites or videos that i can learn from? Or could you explain it in words here if possible?
  • #8,124
  • Dec 22, 2020 4:51am Dec 22, 2020 4:51am
Quoting Lock
And consider also that this is a shake out for sure.
...as you may appreciate....
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  • #8,125
  • Dec 22, 2020 4:52am Dec 22, 2020 4:52am
Quoting HiImNew
Missed out previously that you have mentioned that it is a complex structure and hard to explain whether it is accepted or not. Any recommendation of sites or videos that i can learn from? Or could you explain it in words here if possible?

look back on previous posts: I explained the concept numerous times. Or watch Jim Dalton videos (for free btw)
Ubi maior minor cessat
  • #8,126
  • Dec 22, 2020 4:53am Dec 22, 2020 4:53am
Quoting Lock
{quote} 3397 is now crucial: triple gap filled. Monitor for acceptation or rejection below 3397. If rejection back upside 3473 and or 3489. If acceptation down to yes GB high 3299
Quoting Lock
Not only 3397, use also 3382 GB Dec open for evaluation.
Price rejected below both 3382 and 3397 and then back upside...

Poor high. 3473 and 3489 clearly possible. But watch out as we are in the middle of a shake out. And it's made for us...
Ubi maior minor cessat
  • #8,127
  • Dec 22, 2020 5:27am Dec 22, 2020 5:27am
G low at HB 3406: take note
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  • #8,128
  • Dec 22, 2020 5:29am Dec 22, 2020 5:29am
and G inside period: balance rules apply
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  • #8,129
  • Dec 22, 2020 5:49am Dec 22, 2020 5:49am
Quoting Lock
{quote} look back on previous posts: I explained the concept numerous times. Or watch Jim Dalton videos (for free btw)
Thanks man will check him out!
  • #8,130
  • Dec 22, 2020 5:59am Dec 22, 2020 5:59am
Quoting Lock
G low at HB 3406: take note
taken out..
Ubi maior minor cessat
  • #8,131
  • Dec 23, 2020 12:58am Dec 23, 2020 12:58am
We are inside yesterday GB range 3361-3450. Below we have a double GB gap 3300-3361, above we have an other one:3450-3473
We removed the both above and below the absolute weekly gaps and we still have a poor and weak yearly high at 3624.

Yesterday GB high is technically not poor (as instead I wrote yesterday) but it is clearly weak as it is a perfect tag of a round number (3450)

Both the double GB gaps, above and below can lead to a new shakeout, but the presence of a yearly weak and poor high at 3624 can make the difference in the final outcome.

Expect a day full of tricks and stops hunting. Take this market a piece at a time.

Other main refs for GB are (from bottom to top):
32975 GB inside week high
3319 old important refs for GB
3338 GB November close
3347 Yesterday GB close
3382 December open
3397 GB November high
34145 GB highest September close
34295 GB 2019 high
3466 old 2020 GB high (September GB high)
34945 last week GB close
35145 Absolute 2019 high
Ubi maior minor cessat
  • #8,132
  • Dec 23, 2020 6:20am Dec 23, 2020 6:20am
Been a slow light start of the week!
Merry Christmas see you next week
  • #8,133
  • Dec 23, 2020 8:13am Dec 23, 2020 8:13am
Quoting Pixie666
Been a slow light start of the week! Merry Christmas see you next week
Merry Christmas and have a nice weekend
Ubi maior minor cessat
  • #8,134
  • Dec 28, 2020 9:58am Dec 28, 2020 9:58am
You know? It's funny. We are in the last days of December 2020 and we got yearly GB poor high at 3624 tagged by a Pit yearly poor high (then also weak) and followed by a new GB session poor high at 36195... and followed by a Tokyo poor high at 3576...

Why it's funny? As price is currently at GB 2019 high 34295....
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  • #8,135
  • Dec 28, 2020 10:21am Dec 28, 2020 10:21am
An other funny thing is that we got a GB triple pass gap in the price zone 3450-3473.

Now if Pit will continue lower today and/or if Tokyo will not retrace back upside tonight, tomorrow we will have a 4 PASS gap in the same zone because GB will open below it. Think about it.
Ubi maior minor cessat
  • #8,136
  • Dec 28, 2020 10:25am Dec 28, 2020 10:25am
Monitor for C possible inside period: if so balance rules will apply
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  • #8,137
  • Dec 29, 2020 1:56am Dec 29, 2020 1:56am
Quoting Lock
An other funny thing is that we got a GB triple pass gap in the price zone 3450-3473. Now if Pit will continue lower today and/or if Tokyo will not retrace back upside tonight, tomorrow we will have a 4 PASS gap in the same zone because GB will open below it. Think about it.

And we are going to open above 3450-3473...as Tokyo managed to retrace yesterday Pit session
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  • #8,138
  • Dec 29, 2020 2:22am Dec 29, 2020 2:22am
Quoting Lock
{quote} And we are going to open above 3450-3473...as Tokyo managed to retrace yesterday Pit session
need more analysis @lock for the day
  • #8,139
  • Dec 29, 2020 3:35am Dec 29, 2020 3:35am
GB doesn't want to test the poor highs it seems..... Lock whats your view?
  • #8,140
  • Dec 29, 2020 4:29am Dec 29, 2020 4:29am
E inside period: balance rules apply
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